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Shell is studying merits of BP deal as rival's stock slumps

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The companies were once close rivals — with a similar size, reach and global clout — but their paths have diverged in recent years.
The article from Fortune discusses the potential for major oil companies like Shell and BP to become acquisition targets due to their slumping stock prices amid low crude oil prices. The piece highlights how the current market conditions, exacerbated by the global economic impact of the COVID-19 pandemic, have led to a significant drop in oil demand and prices, putting pressure on these companies' financial performance. It notes that Shell and BP, in particular, have seen their market values decrease substantially, making them vulnerable to takeovers. The article also mentions that while no specific deals are imminent, industry analysts suggest that the situation could lead to consolidation within the sector as larger or more financially stable companies might see an opportunity to acquire undervalued assets.

Read the Full Fortune Article at:
[ https://fortune.com/article/oil-majors-shell-bp-potential-acquisition-deal-stock-slump-crude-prices/ ]